The Group Managing Director of Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that there is at least $10 billion worth of investments

A consortium led by Bombardier Transportation has confirmed a deal with the Egyptian Government to build two new monorails thanks to a £1.7bn (about $2.3bn) backing from UK Export Finance (UKEF), the

OPEC Secretary-General, Dr. Sanusi Barkindo, on Tuesday said there was no scientific proof that renewable sources of energy would overtake the use of fossil fuels in future. Speaking at the

The founder of FCMB Group, Chief Olasubomi Balogun, has donated his Otunba Tunwase National Pediatrics Centre (OTNPC) in Ijebu Ode to the University of Ibadan as part of his commitment

Access Bank Plc has unfolded plans to expand to eight more African countries as part of a strategy to support trade and finance in the continent and take advantage of

The International Energy Agency (IEA) has lowered forecasts for global oil demand as renewed lockdowns to contain the Covid-19 pandemic temper the recovery expected this year. In its latest oil

Bank of America Corp posted a drop in fourth-quarter profit on Tuesday that still topped Wall Street expectations and pointed to signs of an economic recovery as the pace of

Glencore has agreed the sale of its majority stake in Mopani Copper Mines to Zambia’s mining investment arm ZCCM-IH in a $1.5 billion deal, the miner and trader said on

Zimbabwean banks have closed about 17% of their branches as an escalation in the number of coronavirus infections spurs lenders to shut their doors for the time being and accelerate

Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China. A representative for the U.S. automaker made the comment in

China’s economy grew 2.3% in 2020 as its recovery from the coronavirus pandemic accelerated while the United States, Europe and Japan struggled with disease flare-ups. Growth in the three months

The investment of over $1billion by Heirs Holdings (HH) in the acquisition of the strategic OML 17 from Shell, ENI and Total, has been described by various analysts as a

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting

Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals. A statement Thursday in Abuja by

Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made

The Nigerian National Petroleum Corporation (NNPC) has said it is now focusing on condensates, which are excluded from April 2020 production cuts announced by the Organisation of Petroleum Exporting Countries

New York City will terminate business contracts with President Donald Trump after last week’s insurrection at the US Capitol, Mayor Bill de Blasio announced Wednesday. The Trump Organization is under

The Chairman of Peugeot Automobile Nigeria (PAN) and former member of the House of Representatives, Hon. Ahmed Wadada Aliyu, tuesday foretasted that Nigeria will import used cars and motorcycles worth

The Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, on Monday said the country lost over $178 billion (about N5.4 trillion) through tax evasion by multinationals

Chinese electric vehicle maker Xpeng Inc said on Tuesday it has secured a credit line of 12.8 billion yuan ($2 billion) from five Chinese banks to expand manufacturing and sales.